Daily Levels Package for NinjaTrader 8
The Daily Levels software package subscription includes the Daily Levels indicator, Midpoint indicator and historical probabilities data feed for just $17 / month + $10 one time setup fee.
Download the Code-N-Trade bundle now with a 14 day free trial and start using these tools right away!
To see historical probabilities in Daily Levels during your free trial, you’ll need to subscribe. By subscribing, you’ll receive 14 days of the historical probabilities data feed for a one-time setup fee of $10. After the first 14 days, the subscription is just $17 / month. Cancel anytime.
For traders that take advantage of significant levels such as the prior day close, prior day open, overnight high/low, initial balance high/low and others, Code-N-Trade presents the Daily Levels indicator.
The Daily Levels indicator automatically plots these important levels and more, allowing you to spend your time focusing on trades, ensuring you’re always aware of these important levels. The levels can be used for targeting trades or just an awareness. When a level is touched for the first time during a session (regular or extended trading hours), the level’s label will turn gray, so you know it has already been touched.
|Prior Day Open (pOpen)||✔️|
|Prior Day Close (pClose)||✔️|
|Prior Day High (pHigh)||✔️|
|Prior Day Low (pLow)||✔️|
|Prior Day Midpoint (pMid)||✔️|
|Half Gap (hGap)||✔️|
|Initial Balance High (IBH)||✔️|
|Initial Balance Low (IBL)||✔️|
|Prior Day Initial Balance High (pIBH)||✔️|
|Prior Day Initial Balance Low (pIBL)||✔️|
|Overnight High (ONH)||✔️|
|Overnight Low (ONL)||✔️|
|Overnight Midpoint (ONMid)||✔️|
Product Historical Probabilities
Historical probabilities show the percentage of the time that a level was hit within the current session type (regular or overnight) based on the current scenario (opened above/below/within prior regular trading hours range). The below table shows for which products Daily Levels has historical probabilities available. Daily Levels can be used on any symbol, but will only show historical probabilities on these products.
Using Daily Levels
The Daily Levels indicator should be added to a chart that includes regular and extended trading hours. While you may change the trading hours setting on the indicator, it was developed specifically for US equities.
In order to see the labels for each level, the chart’s “Right Side Margin” property will need to be set to about 80 depending on bar width.
Due to the nature of the indicator using onBarClose, it may take up to 1 minute after the session open for the historical probabilities to adjust. Historical probabilities will display on supported products for the regular trading hours session and the overnight session.
Daily Levels works on time-based charts, tick charts and range charts.
Products will be delivered by email within 48 hours (likely much sooner) of purchase including installation instructions. Be sure to include your email address and machine id (within NinjaTrader: Help -> About) in the special instructions. A license entitles you to use the indicator and receive software updates while your subscription is active. If you encounter issues using these with NinjaTrader 8, please contact me. These products were developed and tested against NinjaTrader 8. They have not been used or tested with earlier versions. If you’re using a version prior to 8, buy at your own risk. Due to the nature of the product, no refunds will be given.
NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.